Managing health care benefits is a difficult task for employers. Increasing costs, changing work force dynamics and a never-ending stream of government legislation create tough challenges. We deliver a comprehensive set of administrative solutions for employers seeking an experienced, trusted partner to ensure that every detail is covered.
We offer claims management services for all types of health care plans. Whether we duplicate your current active employees and/or retiree plan design or add a consumer-directed health plan, we custom fit our services to clients needs and unique situations.
AAG provides cost-effective administrative services for large, self-insured group retiree health benefit programs. Our state-of-art platform allows us to efficiently serve large union and Fortune 500 retiree groups, as well as local and federal government-sponsored and government-funded programs. Additionally, AAG’s sophisticated electronic data interfaces make it easy to work with all Medical Payors, as well as retiree health benefit specialists.
Additional Retiree Benefit Services:
- Senior Wellness Appraisals
- Billing and Collections
- Enrollment and Eligibility Management for All Retiree Benefits
- Communications
- Assist Retirees in Resolving Benefit Issues
AAG focuses on the future with a strategy to respond to emerging market dynamics. Rising costs, changing regulatory initiatives and greater consumer interest in expanding control over their health care options are moving employers and health care organizations to develop new, more flexible models of health care delivery. Consumer-driven health care brings the possibility of lower health care expenses to employers by empowering employees to take control of their health care choices and expenses. AAG offers a High Deductible Health Plan with a Health Savings Account. Our integrated solution includes financial services such as debit cards, checking accounts and investment options along with an array of consumer health care tools.
HRAs allow employers to allocate health care dollars annually for each enrolled employee. To assist employers in saving health care dollars, HRAs should be limited to services covered under the employees health care plan. Employers have the choice to transfer unused account balances from year to year, giving employees more options to take care of future health needs.
Due to continually rising health care costs, many employers find it difficult to maintain current benefit levels. In this environment, even fewer are in a position to improve their group benefit programs. Internal Revenue Code Section 125 offers an option for employers who want to enhance their benefit programs without incurring considerable costs - a Flexible Spending Account (FSA) program. AAG administers FSA accounts as a stand-alone service or in conjunction with our claims management service.
To enable more employees to take advantage of tax- and money-saving benefit programs, we offer a prepaid benefits card. This simplifies employees’ access to their Flexible Spending Accounts (FSAs), Health Reimbursement Accounts (HRAs), Qualified Transportation Accounts (QTAs), or Health Savings Accounts (HSAs)? The card lets employees pay for qualified expenses automatically at the point of sale, directly from the appropriate account. This virtually eliminates the system of paying twice (once through payroll deduction and once at the point of sale), sending in claims, and waiting for reimbursement.
When employers offer Flexible Spending Accounts to their employees, employers save on total payroll costs by reducing the amount of Social Security and Medicare taxes employers pay. Employees don’t pay taxes on FSA contributions.
The FSA is funded with employee salary reductions, although employer funding is permitted. While most employers pay for the administration of the plan, this cost can also be passed onto employees. These features make the Flexible Spending Account program an inexpensive benefit option to offer employees. Add in employers tax savings and it’s a program that can’t be beat.
Use the calculator below to show your potential employer tax savings and how these savings can help pay for the Flexible Spending Account benefit.
Employer Calculator